M&A radar: Hermes won’t be FedEx’s next TNT Express (hopefully)
In Jewish humour there’s an old joke that takes various forms but basically runs along ...
© Diane Picard
Transport Intelligence reports:
The Otto Group has sold a controlling stake in the parcel carrier Hermes UK, along with smaller parts of its last-mile operations in Germany.
The London-based private equity firm Advent International has effectively bought a “75% shareholding in Hermes UK, Advent will also acquire a 25% stake in Hermes Germany, which includes other Hermes Germany Group companies including BorderGuru and a share in the ParcelLock joint venture.”
The deal, announced yesterday (Monday, August 10), is structured so that Hermes is ...
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